KEGOC places "green" bonds raising KZT16.9 bn

04.04.23 09:24
/KASE, April 4, 2023/ – KEGOC JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote KEGOC's green bonds were listed on the Kazakhstan Stock Exchange JSC (KASE) trading floor on March 30, 2023, with a total value of KZT 16.9 billion and an average weighted yield to maturity of 19.51% per annum. The securities were placed as part of the second issue of bonds of the second bond programme of KEGOC with a maturity date of up to 2037. The 84.8% demand-to-offer ratio shows increased investor interest in KEGOC's green bonds. The investors were the Development Bank of Kazakhstan JSC and the European Bank for Reconstruction and Development (EBRD). As part of the green bond issue KEGOC received an external assessment (Second Party Opinion) from the AIFC Green Finance Centre on compliance with the ICMA green bonds principles. The raised funds will be used for funding the implementation of 'Rehabilitation of 220-500 kV OHTL at KEGOC branches' and 'West Kazakhstan Electricity Transmission Reinforcement Project. Construction of Power Grid Facilities'. unquote The complete press release (in Kazakh and Russian) is available on [2023-04-04]